Reliance Jio Warn People- “Jio Coin is a Fake Mobile App”

Faking news about the JioCoin app is very much popular among the people. Lot many users spotting the JioCoinapps on the internet. A mobile application on Google play store was seen with the name of “Jio Coin” published by “Reliance Digital”. The marked line of the app said “Jio Coin New Digital Currency for India”. The Jio coin app almost crossed approx 10,000 downloads before the statement.

Reliance jio denied to have any such application and request people to avoid JioCoin App. The statements came from Reliance Jio to inform the media and people that there is no such app existing by the Reliance company. Any such apps using the JioCoin name are fake and users are advised to refrain from dealing with any of them.

Jio said that it has come across reports in media and other websites about the existence of JioCoin Apps on the Internet that solicits investments in cryptocurrencies from people.

“Reliance Jio takes a serious note of such false attempts by corrupt persons to misguide the public in the name of Jio and reserves the right to take appropriate legal action against them.,” Jio said

In the last few of years, a number of digital currency have entered into the market that are attracting investments from the public. Cryptocurrency in the last few months has seen a rush, especially with Bitcoin raising high in the digital currency market.

Finance Minister, Arun Jaitley said that cryptocurrencies like the bitcoin are not a legal tender.

Bitcoin, Ethereum, was like the few cryptocurrencies which became popular in the digital currency market. Most famous among these currencies have been Bitcoin which was rating approx Rs 14 lakh a unit previous month but it has now decreased to half.

The government of India requested to the public not to invest in such virtual currencies.